Asian markets settle mostly lower on Wednesday

19 Apr 2023 Evaluate

Asian markets settled mostly lower on Wednesday as market sentiments remained weak ahead of the Fed's Beige book release. Japanese shares dropped marginally, tracking Wall Street’s negative close overnight following mixed earnings updates from the United States. Market expects the US Federal Reserve to raise interest rates by 25 basis points at its May meeting. Meanwhile, Chinese and Hong Kong shares fell despite upbeat economic data from China. Data showing that China's economy grew by a faster-than-expected 4.5 percent in the first quarter of 2023. Indonesian markets were closed for Eid-al-Fitr holiday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,370.13	-23.20	-0.69
Hang Seng	20,367.76	-282.75	-1.39
Jakarta Composite	--	--	--
KLSE Composite	1,425.07	-7.29	-0.51
Nikkei 225	28,606.76	-52.07	-0.18
Straits Times	3,324.05	14.49	0.44
KOSPI Composite	2,575.08	3.99	0.15
Taiwan Weighted	15,770.47	-98.97	-0.63

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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